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Thursday, June 7, 2012

Insider Selling In These Stocks: (CNQR), (ILMN), (LH), (QCOM), (AZO)

Shares of Concur Technologies, Inc. (CNQR) fell by 0.57% or $-0.37/share to $64.94. In the past year, the shares have traded as low as $34.30 and as high as $65.42. On average, 614640 shares of CNQR exchange hands on a given day and today's volume is recorded at 222249. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $58.81 area where the stock will likely see buying pressure. The stock has insider ownership of 2.52%.

Shares of Illumina Inc. (ILMN) fell by 0.1% or $-0.04/share to $40.46. In the past year, the shares have traded as low as $25.57 and as high as $79.40. On average, 2839170 shares of ILMN exchange hands on a given day and today's volume is recorded at 191673. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $41.29 area where the stock may encounter resistance. The stock has insider ownership of 1.38%.

Shares of Laboratory Corp. of America Holdings (LH) traded higher by 0.45% or $0.38/share to $85.38. In the past year, the shares have traded as low as $74.57 and as high as $99.75. On average, 812690 shares of LH exchange hands on a given day and today's volume is recorded at 137049. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $85.72 area where the stock may encounter resistance. The stock has insider ownership of 0.39%.

Shares of QUALCOMM Incorporated (QCOM) traded higher by 0.1% or $0.06/share to $58.46. In the past year, the shares have traded as low as $45.25 and as high as $68.57. On average, 13435580 shares of QCOM exchange hands on a given day and today's volume is recorded at 2584877. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $62.33 represents resistance and the 200-day moving average of $57.22 would be an area of support. The stock has insider ownership of 0.02%.

Shares of AutoZone Inc. (AZO) traded higher by 0.41% or $1.59/share to $389.56. In the past year, the shares have traded as low as $266.26 and as high as $399.10. On average, 467570 shares of AZO exchange hands on a given day and today's volume is recorded at 143038. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $381.03 area where the stock will likely see buying pressure. The stock has insider ownership of 0.98%.